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Roth IRA
(redirected from Nondeductible IRAs)

   Also found in: Financial, Wikipedia 0.01 sec.
Roth IRA  (är-)
n.
A modified individual retirement account in which a person can set aside after-tax income up to a specified amount each year. Earnings on the account are tax-free, and tax-free withdrawals may be made after age 59 1/2 .

[After William Victor Roth, Jr. (1921-2003), U.S. congressman.]


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It is important to note that those with both deductible IRAs and nondeductible IRAs cannot choose to roll over only the nondeductible amounts.
Save for Retirement accounts would replace existing IRAs, Roth IRAs, Nondeductible IRAs, deferred executive compensation plans, and tax-free "inside buildup" of the cash value of life insurance and annuities.
Clients have several options for accumulating retirement capital--among them taxable accounts, deductible pension plans, nondeductible IRAs and Roth IRAs.
 
 
 
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